Solana Price Crashes 15%; How Much Lower Can It Go This Week?

Highlights:

• Solana price breaks below major support levels as the bearish trend deepens.
• Technical indicators show that continued downward pressure remains.
• Market sentiment dips to extreme fear with rising trading volume.

Solana’s price is hovering around the $100 support level after a sharp market correction. Over the past 24 hours, the asset has experienced a steep decline, dropping over 14%, along with other major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). How low will the SOL price go?

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SOL recently broke through critical support zones at $110 and $105. The move has raised fears of further downside pressure. Analysts are now monitoring the $100 and $90 zones, which remain significant for the coin’s short-term trajectory.

Cryptocurrency markets suffer a significant decline in value throughout the entire market segment. The total market capitalization has experienced a decline exceeding $200 billion, leading to a present value of $2.44 trillion. Digital assets face elevated panic as the market shows a 7.72% decrease during the last day.

Meanwhile, trading volume has surged. The total crypto market volume extended to $180.65 billion through its 337.22% surge in 24 hours. Market sentiment shows major decline because Fear and Greed Index demonstrates values at 23 points which signals severe anxiety among investors. Digital assets have faced a significant decline since new tariffs caused a rise in fears about an economic recession. Market pressure will increase because the announced economic measures are scheduled to start on April 9.

Solana Price Breaks Support in Bearish Move

Solana price experienced a significant technical movement according to April 6 analysis. The crypto analyst Ali demonstrated in his chart that price broke beneath its essential support zone near $123. The support area had worked as a dominant base for multiple months before this development occurred. A steep downward arrow on the chart represents deep potential loss when market selling pressure remains high.

When SOL reached its peak at around $210 during this year it faced enduring downward market movement. The SOL token price moved under its broader consolidation zone and rests at approximately $116 right now. Combine $100 with psychological resistance and related lower price regions that traders identify as key market points.

#Solana is breaking out! You know where next. pic.twitter.com/mO9CZ5z2Mv

— Ali (@ali_charts) April 7, 2025

Will SOL Price Break $90 Support Level?

The price of Solana has seen a sharp decline after falling below $100. After market corrections, the SOL price has decreased by 20%. The MACD indicator shows weak momentum on the 4-hour chart, with the MACD line at -5.30 and the signal line at -3.61. Although the histogram shows a lighter red bar, indicating reduced selling, it still reflects bearish momentum.

The Relative strength index (RSI) stands at 37, just below the 40 average, signaling weak demand. This continued weakness signals that bearish sentiment remains dominant.

Solana faces immediate resistance at $110, which previously acted as a breakdown level. The failure to break above it confirms that bears are defending higher levels. The upper range at $120 remains distant unless momentum improves. Support levels are seen at $95 and $90. If the bearish trend continues, these zones could be tested again. 

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